Overall yes we know there’s a change in short run income for players, though it’s not as severe as speculated. No, we aren’t surprised. Yes, there are plans in place to make sure the economy doesn’t experience permanent, hyper-inflation.

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Obviously the Crafting 500 is going to put a dent in the inflation rates. I definitely worry about the gold -> gem rates, however. I don't think they will change for the (players') better anytime soon, if ever again. It's already at 5g per 100 gems, up from ~3.25g per 100 gems about 2 weeks ago.